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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
General Module (GEN) [VER44/07-19]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

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(3 versions)

GEN 5.2.1

Whole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

An Authorised PersonG must apportion significant responsibilities between the members of its Governing BodyG and its senior management and maintain such apportionment in such a way that:

(a) it meets the corporate governance requirements in Rule 5.3.30;
(b) it is appropriate with regard to:
(i) the nature, scale and complexity of the business of the Authorised PersonG ; and
(ii) the ability and qualifications of the responsible individuals;
(c) it is clear who is responsible for which matters; and
(d) the business of the Authorised PersonG can be adequately monitored and controlled by the Authorised Person'sG Governing BodyG and senior management.

[Amended]DFSA RM43/2007 (Made 1st June 2007). [VER14/06-07]
Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
[Amended] DFSA RM95/2012 (Made 14th June 2012). [VER29/06-12]